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The Container Store Group (NYSE:TCS) Shares Gap Down - What's Next?

The Container Store Group logo with Consumer Discretionary background

The Container Store Group, Inc. (NYSE:TCS - Get Free Report)'s share price gapped down before the market opened on Thursday . The stock had previously closed at $11.13, but opened at $10.78. The Container Store Group shares last traded at $10.66, with a volume of 22,297 shares trading hands.

The Container Store Group Stock Down 9.3 %

The firm has a market capitalization of $520.53 million, a price-to-earnings ratio of -4.90 and a beta of 1.02. The company has a current ratio of 1.31, a quick ratio of 0.49 and a debt-to-equity ratio of 1.47.

The Container Store Group (NYSE:TCS - Get Free Report) last released its earnings results on Tuesday, August 6th. The specialty retailer reported ($0.26) earnings per share for the quarter, missing analysts' consensus estimates of ($0.18) by ($0.08). The Container Store Group had a negative net margin of 12.91% and a negative return on equity of 9.77%. The company had revenue of $181.86 million during the quarter, compared to analysts' expectations of $190.01 million. During the same quarter in the previous year, the firm earned ($0.21) earnings per share. As a group, analysts predict that The Container Store Group, Inc. will post -6.36 earnings per share for the current fiscal year.

Institutional Trading of The Container Store Group

A number of large investors have recently bought and sold shares of the company. Quadrature Capital Ltd bought a new position in shares of The Container Store Group during the 4th quarter worth $34,000. Renaissance Technologies LLC boosted its position in The Container Store Group by 21.0% during the second quarter. Renaissance Technologies LLC now owns 88,200 shares of the specialty retailer's stock worth $48,000 after purchasing an additional 15,300 shares during the period. Assenagon Asset Management S.A. purchased a new position in shares of The Container Store Group in the second quarter worth about $165,000. Jacobs Levy Equity Management Inc. bought a new stake in shares of The Container Store Group in the first quarter valued at approximately $490,000. Finally, Zazove Associates LLC lifted its stake in shares of The Container Store Group by 72.6% during the 1st quarter. Zazove Associates LLC now owns 470,410 shares of the specialty retailer's stock valued at $536,000 after buying an additional 197,831 shares in the last quarter. 67.11% of the stock is owned by hedge funds and other institutional investors.

The Container Store Group Company Profile

(Get Free Report)

The Container Store Group, Inc operates as a specialty retailer of organizing solutions, custom spaces, and in-home organizing services in the United States. The company operates in two segments, The Container Store and Elfa. Its stores provide custom space offerings; countertop, cosmetic and jewelry, shower and bathtub, drawer organizers, and cabinet storage products; closets that includes shoe storage, hangers, drawer organizers, boxes and bins, hanging storage bags, garment racks, jewelry storage, and bedding.

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